# Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates | Reuters

> Wall Street and global shares jumped toward record highs on Friday, while Treasury yields slumped and the dollar weakened. The moves followed a speech by Fed Chair Jerome Powell that confirmed rate cuts would begin soon.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28987-stocks-surge-while-treasury-yields-dollars-retreat-after-fed-signals-lower
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower yields and a softer dollar signal easier financial conditions, which can support commodity prices and risk appetite. The dollar weakness is the link most relevant to feed import costs.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Stocks rise; yields, dollar lower as Fed signals rate cut](https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut.md) | -0.5% | -1.9% |
| DXY | 2023-02-01 | [Stocks rally, dollar slumps after Fed statement, Powell remarks \| Reuters](https://feedsoft.ai/events/37526-stocks-rally-dollar-slumps-after-fed-statement-powell-remarks-reuters.md) | +1.1% | +1.4% |
| DXY | 2020-03-03 | [GLOBAL MARKETS-Stocks slide, 10-year Treasury yield hits record low after Fed's emergency rate cut](https://feedsoft.ai/events/7172-global-markets-stocks-slide-10-year-treasury-yield-hits-record-low-after-fed-s.md) | +0.3% | +5.5% |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| DXY | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | -1.0% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2024-08-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.